Weather hits worldwide wheat figures

Friday, 27 August, 1999

By FWi staff

UNFAVOURABLE weather has had an impact on the production of world wheat as predictions increase this month by 1 million to 569 million tonnes.

Estimates have been revised for a number of countries with reductions the EC, Hungary, Kazakhstan and the Ukraine. These have been offset by increases in Canada, China and Argentina.

World estimates – wheat
  96-97 97-98 98-99 99-00 (forecast as at 28/07/99) 99-00 (forecast as at 25/08/99)
Production 582 610 585 568 569
Trade 95 96 96 99 100
Consumption 582 589 587 583 583
Stocks 110 131 130 116 115

World trade is also expected to rise by 1 million at 100 million tonnes. Estimates have been increased for Brazil, India and Korea, noted the International Grains Council (IGC) in its monthly report.

“Shipments are forecast to increase from all the major exporting countries, resulting to some extent from lower supplies in minor exporters.”

World consumption has remained unchanged at 583 million tonnes which is down 4 million on last year.

World stocks are forecast 1 million lower at 115 million tonnes, some 15 million down on 1998 figures.

The IGC expects most of the decrease to occur in Russia and China while sticks in the major exporting countries are likely to remain plentiful.

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